China International Capital Corporation, one of China’s top investment banks, is planning to go public and has commissioned an internal study to look into the possibility of listing, according to people familiar with the matter.

Global miner Rio Tinto scrapped plans to sell its loss-making Pacific Aluminium business in a sign of tough market conditions facing the miner, which is trying to offload underperforming assets during an industry downturn.

Russia’s second-biggest mobile phone operator Megafon is buying next-generation service provider Scartel for $1.2 billion as it looks to extend its lead in the race to provide high-speed internet.